Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters

    June 30, 2025

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025

    Presidency to Obi: Tinubu Not In Saint Lucia For Vacation

    June 30, 2025
    Facebook X (Twitter) Instagram
    Trending
    • 2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters
    • FirstBank Launches Advanced Facial Recognition On Mobile App
    • Presidency to Obi: Tinubu Not In Saint Lucia For Vacation
    • Kano Governor Leads Delegation To Saudi For Dantata’s Burial
    • Ganduje Resigns As APC National Chairman
    • NAPTIP Declares Speed Darlington Wanted Over Rape Allegations
    • PDP BoT Rejects Anyanwu’s Reinstatement As National Secretary
    • Tinubu Signs Four Landmark Tax Reform Bills Into Law
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Monday, June 30
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » Refinery Received No Incentives From FG, Paid $100m For Land – Dangote
    2 Mins ReadJuly 21, 2024

    Refinery Received No Incentives From FG, Paid $100m For Land – Dangote

    By Samuel AkpenpuunJuly 21, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Africa’s richest man Aliko Dangote says he did not enjoy any incentive from the Federal Government to build his $20bn refinery located at the Lekki Free Trade Zone.

    Dangote stated this on Saturday when he received the leadership of the House led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu.

    “In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State. Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t a free land; we paid for it,” he said.

    “Majority of the population are with us. So, we are not discouraged, we will continue what we are doing.”

    The billionaire businessman called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. He rejected claims that petroleum products from his refinery are substandard.

    To carry out the investigation, he urged the House to set up a committee to test products at various filling stations across the country.

    Decrying the damage being done to vehicles and engines by substandard products, also called on the House to investigate the quality of laboratories being used to test imported products and compare that with the one at the Dangote Refinery.

    Dangote also said the claim in some quarters that his group of companies enjoy monopoly is not true.

    “If you look at all our operations at Dangote (Group), we add value; we take local raw materials and turn them into products, and we sell.

    “We have never consciously or unconsciously stop anybody from doing the same business that we are doing.

    “When we first came into cement production, it was only Lafarge that was operating here in Nigeria…Nobody ever called Lafarge a monopoly,” he said, adding that labelling his group of companies as monopolistic is disheartening.

    “Monopoly is when you stop people, you block them through legal means. No, it is a level playing field whereby whatever Dangote was given in cement, for example, other people were given because some of them even got more than us.”

    Author

    • Samuel Akpenpuun
      Samuel Akpenpuun

      View all posts
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samuel Akpenpuun

    Related Posts

    Banking & Finance

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025
    Breaking News

    Tinubu Signs Four Landmark Tax Reform Bills Into Law

    June 26, 2025
    Breaking News

    Multichoice Slashes DStv Decoder Price By 50 Percent

    June 25, 2025
    Aviation

    FCCPC Invites Air Peace Over Failure To Refund Fares For Canceled Flights

    June 16, 2025
    Business

    May & Baker Posts N28.9bn Revenue, N1.6bn PAT

    June 6, 2025
    Banking & Finance

    Access ARM Pensions Posts N28.2bn Revenue

    June 2, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    2027: I Will Comply With One Term Agreement, Peter Obi Tells Supporters

    June 30, 2025

    FirstBank Launches Advanced Facial Recognition On Mobile App

    June 30, 2025

    Presidency to Obi: Tinubu Not In Saint Lucia For Vacation

    June 30, 2025

    Kano Governor Leads Delegation To Saudi For Dantata’s Burial

    June 30, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.